The price of RON95 gasoline decreased to 20,082 VND/liter from December 12th.

From 3 PM on December 11th, the price of RON95 gasoline decreased by 378 VND/liter, and E5 RON92 decreased by 207 VND/liter. This development coincides with a nearly 2% drop in world oil prices as the market monitors geopolitical developments.

Domestic fuel prices have been adjusted downwards across the board.

According to a decision by the Ministry of Industry and Trade and the Ministry of Finance, retail prices of petroleum products in the country have been adjusted downwards from 3 PM on December 11th. This is the 21st price reduction since the beginning of 2025.

Item	Reduction	Maximum retail price
E5 RON92 gasoline	207 VND/liter	19,615 VND/liter
RON95-III gasoline	378 VND/liter	20,082 VND/liter
Diesel fuel 0.05S	226 VND/liter	18,154 VND/liter
Oil	252 VND/liter	18,641 VND/liter
Fuel oil 180CST 3.5S	43 VND/kg	13,393 VND/kg

During this price adjustment period, the regulatory agency decided not to allocate funds to or utilize the Price Stabilization Fund for all petroleum products.

The Ministry of Industry and Trade stated that the price adjustment is based on the fluctuations in world petroleum product prices during the period from December 4th to December 10th. The average prices of all commodities showed a downward trend, specifically:

• RON92 gasoline: $78.368/barrel (down 1.44%)
• RON95 gasoline: $79.890/barrel (down 2.37%)
• Diesel fuel: $84.828 per barrel (down 1.48%)
• Kerosene: $87,160 per barrel (down 1.61%)
• Fuel oil: $343,070/ton (down 0.44%)

Domestic retail gasoline and diesel prices have been adjusted downwards, closely following developments in the global market.

World oil price trends

On the international market, crude oil prices recorded a decline in the latest trading session. According to data at 4:30 AM on December 12th (Vietnam time), the global benchmark Brent crude oil price stood at $61.14 per barrel, down 1.72% (equivalent to $1.07 per barrel). At the same time, US WTI crude oil traded at $57.35 per barrel, down 1.90% (equivalent to $1.11 per barrel).

Key factors affecting the market

According to Reuters, oil prices are under downward pressure as investors focus on a range of geopolitical and macroeconomic factors:

• Russia-Ukraine peace talks: Markets are closely monitoring progress in peace negotiations, with positive signals potentially easing supply concerns.
• Tensions in Venezuela: The US announcement of seizing a large oil tanker off the coast of Venezuela has raised concerns about short-term supply disruptions, although the subsequent impact is considered unclear.
• Monetary policy: The US Federal Reserve (Fed) has lowered the benchmark interest rate and signaled a pause in further adjustments, a move that typically supports energy demand due to lower consumer borrowing costs.
• Supply and demand forecasts: The International Energy Agency (IEA) raised its forecast for global oil demand growth in 2026 and lowered its supply forecast. Meanwhile, OPEC maintained its forecast for the 2025-2026 period.

World crude oil prices fell nearly 2% in the latest trading session.

Since the beginning of 2025, domestic gasoline and diesel prices have undergone 47 adjustments, including 21 price reductions, 20 price increases, and 6 adjustments with opposing prices for different products.

Source: https://baolamdong.vn/gia-xang-ron95-giam-ve-20082-donglit-tu-ngay-1212-409838.html